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Automobiles

Vietnam's VinFast enters Africa EV market via Ghana distributor

Nasdaq-listed carmaker adds fourth continent and eyes dozens of other countries

VinFast, one of the few international EV businesses to target Africa, announced plans for Ghana within weeks of making deals in five other countries, from Oman to Indonesia. (Photo by Lien Hoang)

HO CHI MINH CITY -- VinFast has enlisted a company in Ghana to distribute its electric vehicles, offering the Vietnamese manufacturer a potential early-mover advantage as it looks to enter a fourth continent.

The automaker owned by Vietnam's richest man said late Friday that it will sell "electric cars, e-scooters, e-bikes and electric buses throughout Ghana and West Africa" through a deal with the Jospong Group. VinFast wants its EVs in 50 markets by year's end and has made deals in six countries in the past month alone to achieve that target.

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